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News.(multiple automobile industry news briefs)
Cunningham cut
Bob Lutz may be tearing it up at General Motors, but his dream to resurrect the Cunningham nameplate with a $250,000 sports coupe is dead.
Since Lutz and a team of investors launched the effort in 2000, Cunningham Motor Co. has faced major hurdles that are now proving insurmountable. Officials told Automotive News that a legal complaint levied last month by Briggs Cunningham III (AW, Oct. 7), accusing company officers, including GM vice chairman Lutz, of forcing Briggs out of the company, broke the camel's back. Cunningham Motor has spent nearly all of its $4 million seed money and has suspended operations indefinitely, including its centerpiece $85 million Cunningham C7 development program.
Cobra stalled
Ford has temporarily stopped production of the 2003 SVT Cobra due to quality concerns. Ford officials are mum on what's wrong with the supercharged Mustangs, but assembly plant sources told media that the problem originates with the 4.6-liter V8. Ford aims to resume production Nov. 15 and will begin delivering finished Cobras that were held back because of the snafu.
Jack's Classic
Cobra buyers aren't the only ones hoping Ford gets the supercharged 4.6-liter V8 right. Roush Performance is introducing its Roush Classic, which ...
- 2003 roush classic.(News)(Brief Article)
- Magazine article from: AutoWeek December 9, 2002 700+ words
ON SALE: Now BASE PRICE: $43,000 POWERTRAIN: 4.6-liter, 379-hp, 380-lb-ft super-charged V8; rwd, five-speed manual CURB WEIGHT: 3465 pounds (base Mustang GT) 0 to 60 MPH: 4.3 seconds (mfr.)
- GM Invests in Cunningham Motor Co.
- Press release article from: PR Newswire December 21, 2001 700+ words
...PRNewswire/ -- General Motors Corp. and Cunningham Motor Co. today announced that GM has acquired...Chief Financial Officer John Devine. Cunningham Motor was created to develop and produce...International Auto show in Detroit. "Cunningham Motor Company is pleased and gratified to...
- Cunningham Motor Company Suspends Further Development & Engineering.
- Press release article from: PR Newswire September 22, 2002 700+ words
...McCormack, Chairman and CEO of Cunningham Motor Company, announced today the suspension...vital to a virtual company, such as Cunningham Motor Company, because all of our suppliers...R. Black, Marketing Director of Cunningham Motor Company, +1-734-455-2331
- Cunningham Motor Company Introduces New GT Product Of Legendary Values and...
- Press release article from: PR Newswire January 10, 2001 700+ words
...grand touring and sports cars produced by Briggs Cunningham II, the quintessential American sportsman of the 1950s, the Cunningham Motor Company will produce a V-12 powered, limited production, grand tourer for the most discerning automobile buyer...
- General Motors Backs Vice Chairman's Pet Project, Cunningham Motor Co.
- Newspaper article from: Knight Ridder/Tribune Business News December 22, 2001 700+ words
...Knight Ridder/Tribune Business News Dec. 22--General Motors Corp. said Friday that it put some seed money into the Cunningham Motor Co., a pet project of Vice Chairman Robert Lutz. Lutz and Briggs Cunningham III started the company, and at last year...
- San Antonio Express-News All About Cars Column.
- News wire article from: San Antonio Express-News (San Antonio, TX) December 28, 2001 700+ words
...January, which was designed by the Cunningham Motor Co., a so-called virtual car company...Chief Financial Officer John Devine. Cunningham Motor was created in January 2000 by Briggs...a part owner and board member with Cunningham Motor, but will not actively participate...
- Marketer/ Fabricante de marcas.(Negocios)
- Newspaper article from: Reforma (México D.F., México) April 27, 2001 700+ words
...da la impresin que conoce este concepto y recin fund Cunningham Motor Co. Lutz sacar al mercado autos deportivos con motores...infraestructura, logstica y procesos de manufactura? Cero. Cunningham Motor ni siquiera har el diseo y la ingeniera, y tampoco una...
- R & d: news in brief.(automotive news)(Brief Article)
- Newspaper article from: Auto Industry January 12, 2001 700+ words
...be another five or six months, at the earliest, before Cunningham Motor Co. unveils its first prototype car for the "big spenders...but the comfort and accessories of a Rolls-Royce. Cunningham Motor is headed by Briggs Cunningham III, Robert Lutz and Jack...
- Late News.
- Magazine article from: Automotive News Europe September 23, 2002 700+ words
...company. Cunningham and Lutz were founding partners in the Cunningham Motor Co., which is attempting to raise enough money to build...for the company. Lutz is trying to raise $85 million so Cunningham Motor can produce its car. GM denied Cunningham's claims...
- Detroit Free Press Business Briefs Column.
- Newspaper article from: Knight Ridder/Tribune Business News September 27, 2002 700+ words
...LAWSUIT ILL-TIMED FOR CUNNINGHAM: The lawsuit against Cunningham Motor Co. by one of its founders came at such a bad time that...Lutz said of the lawsuit by Briggs Cunningham III. Cunningham Motor had a meeting with investment bankers scheduled for next...
Source: HighBeam Research, News.(multiple automobile industry news briefs)